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20121202
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million in contracts that have been tied to hurricane sandy that surpassed what the government spent on hurricane irene which hit in august of 2011. off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that can wants medicare runs out. the budget office announced an added benefit. cheaper drugs means more people taking their medication and reducing long-term medical costs. >> schools for thousands of public school students is about to get longer. five states will announce today their adding at least 300 hours of learning time to some schools starting next year. we're talking about paul rafeal, connecticut, massachusetts, new york and tennessee all tak
of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well. apple shares down 1.25%. back to you. >> it's 1s across the board. thank you. >>> the new reality in washington state recreational use of marijuana is now legal. hundreds of people showed up at the space needle to celebrate at midnight. voters approved the law last month. adults can now possess up to an ounce of pot. but growing and selling it is still a crime. colorado by the way also legalized recreational use of marijuana but that amendment won't take effect until the governor proclaims that it passed. >>> just two years after arriving in the bay area, the "fresh & easy" market chain could be going away. there are 19 "fresh & easy" markets in the bay area employing a
to hurricane sandy. that amount surpasses what the government spent on hurricane irene which hit in august of 2011 and killed at least 45 people. from the your governor estimates the total cost of the storm to new york state is $33 billion. federal contracts spending related to sandy so far did not come close to the estimated $19.6 billion spent on hurricane katrina. >> 28 days until the fiscal cliff that will kick in if congress does not act. president obama and republicans seem to be playing a game of political chicken right now. the president's proposal as 1.6 trillion in hired taxers over the next couple of years. he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper 50s. >> watching flood levels this morning on bay area rivers as many are staying in their banks. we did have some flooding. the napa river reached flood stage yesterday afternoon. mayor to clean up in lafayette with the sinkhole and excavator is
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